A.B.W.HEATING LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00985058 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

A.B.W.HEATING LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

M Alexander

SECRETARY:

M Alexander

REGISTERED OFFICE:

62 Portsmouth Road

Cobham

Surrey

KT11 1HY

REGISTERED NUMBER:

00985058 (England and Wales)

ACCOUNTANTS:

Kate Haynes Ltd

129 Woodlands Road

Little Bookham

Surrey

KT23 4HN

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A.B.W.HEATING LIMITED for the year ended 30 June 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A.B.W.HEATING LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.B.W.HEATING LIMITED and state those matters that we have agreed to state to the director of A.B.W.HEATING LIMITED in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.B.W.HEATING LIMITED and its director for our work or for this report.

It is your duty to ensure that A.B.W.HEATING LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A.B.W.HEATING LIMITED. You consider that A.B.W.HEATING LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A.B.W.HEATING LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kate Haynes Ltd

129 Woodlands Road

Little Bookham

Surrey

KT23 4HN

26 November 2018

FIXED ASSETS

Intangible assets

4

14,000

-

Tangible assets

5

2,141

3,211

16,141

3,211

CURRENT ASSETS

Stocks

55,464

20,150

Debtors

6

25,224

17,436

Cash at bank

24,221

48,184

104,909

85,770

CREDITORS

Amounts falling due within one year

7

55,023

27,708

NET CURRENT ASSETS

49,886

58,062

TOTAL ASSETS LESS CURRENT LIABILITIES

66,027

61,273

CREDITORS

Amounts falling due after more than one year

8

2,000

-

NET ASSETS

64,027

61,273

CAPITAL AND RESERVES

Called up share capital

9

2,000

2,000

Retained earnings

10

62,027

59,273

SHAREHOLDERS' FUNDS

64,027

61,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 November 2018 and were signed by:

M Alexander - Director

1.	STATUTORY INFORMATION

A.B.W.HEATING LIMITED is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

25,000

At 30 June 2018

25,000

AMORTISATION

Amortisation for year

11,000

At 30 June 2018

11,000

NET BOOK VALUE

At 30 June 2018

14,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2017

8,878

10,905

4,285

24,068

Disposals

(8,878

)

(10,905

)

-

(19,783

)

At 30 June 2018

-

-

4,285

4,285

DEPRECIATION

At 1 July 2017

8,878

10,906

1,073

20,857

Charge for year

-

-

1,071

1,071

Eliminated on disposal

(8,878

)

(10,906

)

-

(19,784

)

At 30 June 2018

-

-

2,144

2,144

NET BOOK VALUE

At 30 June 2018

-

-

2,141

2,141

At 30 June 2017

-

(1

)

3,212

3,211

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

24,998

13,811

Amounts recoverable on contract

-

3,625

Prepayments and accrued income

226

-

25,224

17,436

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

22,499

5,793

Tax

5,085

(554

)

Social security and other taxes

14,608

10,454

Other creditors

12,831

1,366

Accruals and deferred income

-

10,649

55,023

27,708

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

£

Other creditors

2,000

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.18

30.6.17

value:

£

£

2,000

Ordinary

£1

2,000

2,000

10.

RESERVES

Retained

earnings

£

At 1 July 2017

59,273

Profit for the year

2,754

At 30 June 2018

62,027